EUR/USD, break true the support!

eur-usd 21.04.

After more then 20 hours of pressure, US dollar manage to brake true the 1.0710/30 euro support and it’s still looking bearish, aiming to the lower levels. What do we have next? 1.0600/20 could be the next target for the USD bulls, 1.0670 is the first minor support, but they would like to take 1.0500 again, there is no doubt about that. Greece is euro weight again, or Europe is using them as a weight for the euro? Who cares, follow the technical leves traders. On the way up, 1.0710/30 is first resistance, trendlines are next in combination with MA100&200.

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2 comments

  • Another stop loss hunting?

    Like

    • Support was broken and it becomes resistance now as you can see. This is not stop loss hunting as I see it.

      Like

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